Goldman Sachs' new managing director list is out

Goldman Sachs has promoted 425 people to managing director,
making it the firm's largest class ever.

"Our new Managing Directors represent the best of our firm’s
dedication to excellence, leadership and client service, and we
wish them continued success in their careers," Goldman CEO Lloyd
Blankfein said in a statement.

It's a big deal to be named a managing director. The title is one
step below partner, one of the most highly coveted titles in
investment banking.

This year's class made history.

About 30% of the new managing directors are
millennials. What's more, 40% of the class began their
careers as Goldman Sachs analysts. Then 21% were former Goldman
summer interns.

There are 106 women on the list, making up 25% of the class. It's
the largest percentage of women in a Goldman managing director
class. About 30% of the class worked in multiple divisions
and multiple regions. Nearly 49% have at least one advanced
degree.